Tuesday, January 12, 2016

Kenya: Possible Funding for 70 MW Olkaria I Geothermal Power Plant Extension

EIB Considers Funding 70 MW Unit for Kenyan Geothermal (Renewable Energy World)

The European Investment Bank (EIB) is considering to finance an extension to a geothermal plant in southwestern Kenya, lending 72 million euros ($78 million).

The Luxembourg-based development bank said the Olkaria I Unit 6 power station in Kenya is under appraisal in a release on its website. The unit was first built in 1981 and is Africa’s first geothermal power plant, according to the Kenya Electricity Generating Co Ltd. who owns and operates it.

The extension would raise its capacity from 140 MW to 210 MW. The total cost of the project is estimated to be 288 million euros.